Prime Commercial Investment with Massive Upside


3047 Great North Road, New Lynn

By Negotiation

Download Email
Prime Commercial Investment with Massive Upside | 3047 Great North Road, New Lynn | 1500703 |      X Close
Image
Description

Prime Commercial Investment with Massive Upside


- Prime town centre site of 2,697sqm (more or less) with dual street frontage

- Adjacent to LynnMall, Countdown and train station

- Zoned Business - Metropolitan Centre Zone AUPOIP

- Substantial 'add value' opportunity. Develop up to 312 apartments*

The property is opposite the LynnMall shopping centre and Countdown and benefits from two street frontages, Great North Road and Delta Avenue to ensure natural light.

Part of the first floor offices (334sqm approximately) are vacant and the vendor will underwrite this area or this may suit an owner occupier.

Fully leased the property will return an excellent income of $489,640.60pa plus GST from

multiple tenants and there is a substantial future 'add value' opportunity afforded to the new owner by developing the site with up to 312 apartments*

*Subject to resource consent.

PROPERTY DETAILS:

Floor Area: 1,856.6sqm (approximately)

Land Area: 2,697sqm (more or less)

TENANCY DETAILS:

Includes Healthpost, RNZSPCA, Idea Services. Full tenancy details are available upon

request.

For sale by way of Tender (unless sold prior) 4pm, Thursday 9th March 2017 , 29 Northcroft Street, Takapuna, Auckland, New Zealand.